Health clubs in Tennessee are licensed and overseen by the state’s Department of Commerce and Insurance.
As a prerequisite for licensing, a health club surety bond must be furnished to the Department.
The Tennessee health club bond is a $25,000 surety bond required of your health club business. The Department of Commerce and Insurance is the surety bond’s obligee (this is a fancy word which simply means the entity requiring the bond).
The pricing for this surety bond will be determined by an application (completed with our agency in a matter of minutes) and a personal or business credit score check.
Typically, an applicant will pay about 1%, or $250 annually for this bond; however, the results of your credit may cause the bond’s premium to be higher.
As a general rule, qualifying at a good price for this will be easy for the majority of our customers.
The Tennessee health club bond is issued for one year, and expires thereafter. In some cases, options may exist to prepay this surety bond for 2 or 3 years, which also offers a savings over year to year renewal of this bond.
The Tennessee health club bond is a financial guarantee which does several things:
As a health club entity, you are required to:
AmeriPro Surety Bonds provides license and permit surety bonds throughout Tennessee and nationwide.
Please call our agency today for this bond at:
Or, you may fill out the form below and an agent will contact you…